Year: 2024

Report: Canadian corporate venture capital funding is dismal compared to the United States

Canadian corporate venture capital (CVC) funds “punch below [their] weight” compared to their counterparts in the United States, according to a new report published Tuesday by Deloitte Ventures and the Business Development Bank of Canada (BDC). “When compared to countries like the United States, Canadian corporates exhibit lower activity in VC and tend to direct […]

Vantage points: Cohere’s Ivan Zhang on making Canada the place to scale

Cohere’s Ivan Zhang believes Canadian tech is great at creating winners, but terrible at keeping them here. The company he co-founded is a case in point: Cohere, which builds enterprise-focused AI models, reportedly scaled to $22 million in annualized revenue in March and has pulled in nearly $445 million from investors to date.  Yet, as […]

F|T: The FinTech Times – Wealthsimple begins offering mortgages with Pine partnership

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using this form. FINTRAC fines crypto giant Binance $6 million for flouting anti-money laundering laws Binance, the world’s largest cryptocurrency exchange, has been hit with an approximately […]

What comes next for Canadian tech?

If you weren’t able to attend BetaKit’s first-ever town hall, fear not. Videos of the night’s feature conversations—including BetaKit board chair Satish Kanwar’s fireside chat with Shopify CEO Tobi Lütke, and founder perspectives from leaders at Cohere, MedEssist, among others—are ready for you to watch. BetaKit also has a full recap of the evening for […]

Tobi Lütke finally comes on the BetaKit Podcast

We did it! After years of asking, Shopify CEO Tobi Lütke is our guest on this week’s episode of The BetaKit Podcast. Kinda. You see, BetaKit just hosted its first-ever town hall with 500 members of Canadian tech at the University of Toronto and Mr. Lütke was our headline speaker. “I think ambition is a […]

FINTRAC fines crypto giant Binance $6 million for flouting anti-money laundering laws

Binance, the world’s largest cryptocurrency exchange, has been hit with an approximately $6-million CAD fine from Canada’s anti-money laundering agency. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) found that Binance committed two violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. FINTRAC claimed that Binance failed to register as […]

Three Canadian companies are hiring for hybrid tech roles

Even as trips to the office become more frequent than they were two years ago, hybrid work arrangements continue to win the hearts of tech professionals. It’s not just employees who see the upside; business leaders are also acknowledging the benefits of flexible work arrangements. According to a November survey by the International Workplace Group, […]

OSC introduces new initiatives to boost access to capital for the province’s businesses

The Ontario Securities Commission (OSC) has enacted several new measures aimed at increasing access to capital for the province’s early-stage businesses. The new initiatives include an extension of the self-certified investor prospectus exemption to October 2025, as well as new, temporary dealer registration exemptions for early-stage businesses and not-for-profit angel investor groups, which are also […]

Three Canadian companies among finalists of Musk-funded XPRIZE Carbon Removal competition

Three Canadian cleantech startups are among 20 finalists competing for up to $50 million from the XPRIZE Carbon Removal competition.  Nova Scotia-based cleantech startup CarbonCure Technologies took home the grand prize from the NRG COSIA Carbon XPRIZE in 2021. Funded by the Musk Foundation, the four-year-long competition aims to combat climate change with $100 million […]